American Express Company $AXP Shares Acquired by Beutel Goodman & Co Ltd.

Key Points

• Beutel Goodman increased its American Express stake by 15.8% in the third quarter, adding 90,487 shares to hold 663,655 shares valued at about $201.8 million.
• American Express reported quarterly EPS of $4.68, beating the $4.50 consensus, while revenue of $20.06 billion came in slightly below estimates; revenue rose 8.9% year over year.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $365.22. Recent insider sales totaled 414,171 shares worth about $137.1 million in the last quarter.

Beutel Goodman & Co Ltd. raised its stake in shares of American Express Company (NYSE:AXP - Free Report) by 15.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 663,655 shares of the payment services company's stock after acquiring an additional 90,487 shares during the period. American Express comprises approximately 1.6% of Beutel Goodman & Co Ltd.'s investment portfolio, making the stock its 29th largest holding. Beutel Goodman & Co Ltd. owned 0.10% of American Express worth $201,817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Archer Investment Corp purchased a new position in American Express during the second quarter worth about $25,000. Elevation Wealth Partners LLC grew its position in American Express by 78.8% in the 3rd quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company's stock worth $28,000 after purchasing an additional 41 shares in the last quarter. John Boyer Inc. bought a new stake in American Express in the 3rd quarter worth about $29,000. Frazier Financial Advisors LLC grew its position in American Express by 66.7% in the 1st quarter. Frazier Financial Advisors LLC now owns 100 shares of the payment services company's stock worth $30,000 after purchasing an additional 40 shares in the last quarter. Finally, Cedar Mountain Advisors LLC increased its stake in American Express by 58.3% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company's stock valued at $32,000 after buying an additional 35 shares during the last quarter. Institutional investors own 84.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays dropped their target price on shares of American Express from $342.00 to $340.00 and set an "equal weight" rating on the stock in a research report on Monday, October 26th. HSBC boosted their target price on American Express from $312.00 to $329.00 and gave the stock a "hold" rating in a research note on Monday, July 13th. Citigroup reduced their target price on American Express from $340.00 to $335.00 and set a "neutral" rating for the company in a report on Tuesday, October 27th. Weiss Ratings raised American Express from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, October 26th. Finally, Truist Financial dropped their price target on American Express from $375.00 to $370.00 and set a "buy" rating on the stock in a report on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $365.22.

American Express News Summary

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express and Fanatics introduced a co-branded credit card and added Fanatics FanCash as a Membership Rewards transfer option. The partnership could broaden AmEx’s appeal among sports fans and create another way to engage cardmembers, though the reports did not quantify the potential financial contribution. AmEx Takes Page From Trading Cards With Fanatics Deal
• Positive Sentiment: A Zacks article highlighted American Express as a long-term stock pick, supporting a favorable investment view, although it did not report a new company development. Why American Express Is a Top Stock for the Long-Term
• Neutral Sentiment: A report said American Express shares gained but lagged the broader market, indicating the stock’s session performance was weaker than the market overall. American Express Stock Rises Monday, Still Underperforms Market
• Negative Sentiment: Commentary noted that premium-card fee growth is strong, but rising rewards, benefits and marketing expenses may make it harder to convert that growth into higher profits. Can American Express Turn Premium Card Growth Into Higher Profits?

American Express Price Performance

AXP opened at $324.35 on Tuesday. The firm has a market cap of $217.49 billion, a P/E ratio of 18.26, a PEG ratio of 1.40 and a beta of 1.09. The firm has a 50-day moving average of $316.03 and a 200 day moving average of $325.48. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.58 and a current ratio of 1.58. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.50 by $0.18. The business had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $20.12 billion. American Express had a net margin of 15.80% and a return on equity of 34.19%. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company posted $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. On average, research analysts expect that American Express Company will post 17.98 EPS for the current year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. American Express's dividend payout ratio is currently 21.40%.

Insider Transactions at American Express

In other news, insider Laureen Seeger sold 69,860 shares of the firm's stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $328.17, for a total transaction of $22,925,956.20. Following the completion of the sale, the insider owned 9,002 shares in the company, valued at $2,954,186.34. This trade represents a 88.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anna Marrs sold 44,910 shares of American Express stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $327.20, for a total transaction of $14,694,552.00. Following the completion of the sale, the insider directly owned 20,509 shares in the company, valued at $6,710,544.80. This trade represents a 68.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 414,171 shares of company stock worth $137,069,544 in the last quarter. Insiders own 0.14% of the company's stock.

American Express Profile

American Express Company is a global payments and financial services company that operates a card-issuing business and a payments network. Its products and services include consumer, small-business and corporate cards, payment processing, lending, travel services and expense-management solutions.

Founded in 1850 as an express mail business, the company expanded into financial services and became known for its charge cards and travel-related services. Today, it serves cardholders and businesses in the United States and markets around the world, connecting customers, merchants and financial institutions through its network.

Stephen J.

Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express Company (NYSE:AXP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.